Smith Chas P & Associates PA Cpas Makes New Investment in Vanguard Information Technology ETF $VGT

Smith Chas P & Associates PA Cpas acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 5,576 shares of the exchange traded fund’s stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Information Technology ETF by 657.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after purchasing an additional 4,107,038 shares during the last quarter. HighTower Advisors LLC lifted its stake in Vanguard Information Technology ETF by 762.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after buying an additional 3,227,909 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Vanguard Information Technology ETF by 693.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after buying an additional 2,116,095 shares during the last quarter. Nissay Asset Management Corp Japan boosted its holdings in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock worth $195,752,000 after buying an additional 1,433,089 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Vanguard Information Technology ETF by 690.1% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 1,378,210 shares of the exchange traded fund’s stock worth $164,724,000 after buying an additional 1,203,781 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.2%

NYSEARCA:VGT traded up $1.44 during trading hours on Friday, hitting $121.07. 2,889,080 shares of the stock were exchanged, compared to its average volume of 4,463,093. The firm’s fifty day moving average price is $117.65 and its 200 day moving average price is $108.80. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The company has a market cap of $148.42 billion, a P/E ratio of 34.55 and a beta of 1.35.

Vanguard Information Technology ETF Company Profile

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.